Markets

NEW YORK: Wall Street stocks finished mixed on Monday (May 11) as markets weigh hopes about reopening the economy against worries over coronavirus cases and the damage already inflicted by the shutdowns. The Dow Jones Industrial Average ended down 0.45 per cent at 24,221.99. The tech-rich Nasdaq ...

Tesla Inc on Monday told employees at its California vehicle factory to return to work, a few days after local officials said the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.

LONDON: Britain's smaller companies could be saddled with up to 105 billion pounds (US$129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday (May 11). TheCityUK, which promotes Britain's financial ...

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned US$3 billion tender offer for the office space-sharing start-up.

REUTERS: Billionaire Richard Branson's Virgin Group said on Monday (May 11) that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic. The company said it intends to use the proceeds to support its portfolio of...

Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.

California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.

Britain's smaller companies could be saddled with up to 105 billion pounds (US$129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.

Private equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.

Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.